Stephen Picazio
Stephen Picazio is a registered investment advisor at Merrill Lynch, Pierce, Fenner & Smith Incorporated, based in Venice, FL, with 28 years of industry experience. Stephen is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include High Net Worth, Investment Management, Retirement Planning. Their firm serves 1,838,984 clients with $1800B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Managed Account Advisors and Merrill Lynch charge an asset-based fee called the Account Fee, which consists of two parts:
- Investment Management and Trust Fee — Paid to Bank of America for its services, with rates set in your client agreement and subject to negotiation based on your portfolio value and account size.
- Style Manager Expense — Paid to the specific manager of your chosen strategy, generally ranging from 0.00% to 0.50% per year, and does not change based on portfolio size.
Total fees vary depending on the specific strategies and account size, and are deducted directly from your account on a regular basis.
Location
871 Venetia Bay Blvd, Venice, FL, 34285
Get directionsHistory
Regulatory History (1)
Customer Dispute
October 2002Other Business Activities
Stephen serves as Power of Attorney for B E P TOD BENEFICIARIES ON FILE, starting in January 2025. This requires minimal time commitment.
Employment History
Current Registrations
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
State Registrations45 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.
Exams
More Advisors
- Jules AxelrodMerrill Lynch, Pierce, Fenner & Smith Incorporated
- Lawrence HurstMerrill Lynch, Pierce, Fenner & Smith Incorporated
- David GordonMerrill Lynch, Pierce, Fenner & Smith Incorporated
- Owen ThiessenMerrill Lynch, Pierce, Fenner & Smith Incorporated
- Jay MchargueMerrill Lynch, Pierce, Fenner & Smith Incorporated
- Kara CioffiMerrill Lynch, Pierce, Fenner & Smith Incorporated